LatAm Daily | Brazil’s current account continued to improve in May
Published on Monday, June 27, 2016
LatAm Daily | Brazil’s current account continued to improve in May
Summary
In Brazil, the 12-month current account deficit decreased from 2.0% of GDP in April to 1.7% in May. FDI remained relatively high (4.6% of GDP YoY). Thanks to the better-than-expected figures of recent months, we should soon undertake a downward revision of our forecast for the current account deficit in 2016 (currently at 2.0% of GDP).
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist